Bailard Inc. Purchases New Holdings in Costamare Inc. (NYSE:CMRE)

Bailard Inc. purchased a new stake in Costamare Inc. (NYSE:CMRE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,863 shares of the shipping company's stock, valued at approximately $304,000.

Several other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Costamare by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the shipping company's stock valued at $316,000 after purchasing an additional 1,064 shares in the last quarter. Sterling Capital Management LLC increased its stake in Costamare by 3.7% during the 4th quarter. Sterling Capital Management LLC now owns 32,113 shares of the shipping company's stock valued at $413,000 after buying an additional 1,141 shares during the period. Principal Financial Group Inc. raised its position in shares of Costamare by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 67,268 shares of the shipping company's stock worth $662,000 after buying an additional 1,630 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Costamare by 3.2% in the 4th quarter. Stifel Financial Corp now owns 59,433 shares of the shipping company's stock worth $764,000 after acquiring an additional 1,832 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Costamare by 27.1% in the 4th quarter. Legal & General Group Plc now owns 8,909 shares of the shipping company's stock worth $114,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 58.08% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Costamare in a report on Thursday, May 15th. They set a "hold" rating on the stock.

Costamare Price Performance

NYSE:CMRE traded down $0.06 during mid-day trading on Thursday, reaching $9.78. 483,072 shares of the stock were exchanged, compared to its average volume of 442,052. The company has a current ratio of 1.55, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $9.06 and a 200 day moving average price of $9.82. Costamare Inc. has a 1-year low of $6.63 and a 1-year high of $15.96. The firm has a market capitalization of $1.17 billion, a PE ratio of 4.01 and a beta of 1.20.

Costamare (NYSE:CMRE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. Costamare had a net margin of 15.27% and a return on equity of 13.44%. The company had revenue of $440.54 million for the quarter, compared to analysts' expectations of $330.14 million. Research analysts expect that Costamare Inc. will post 2.52 earnings per share for the current fiscal year.

Costamare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Monday, July 21st will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.46 annualized dividend and a yield of 4.71%. Costamare's dividend payout ratio (DPR) is 18.85%.

Costamare Company Profile